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altcoinhunter01
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July 17, 2018, 03:43:50 PM |
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Mining will never stop as new coins comes into the market regularly and people move from one coin to another if supply completes of any coins. There are lot of coins available for mining which gives us profit.
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arthurgrand
Jr. Member
 Offline
Activity: 182
Merit: 1
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July 17, 2018, 03:47:22 PM |
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I believe if their are still projects that uses proof of work consensus there will always be mining of the coins of this projects.
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islakevin
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July 17, 2018, 05:08:34 PM |
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I Dont think so because its one of the product of bitcoin and other altcoins , They are one of the requirements in bitcoin to have a confirmation it need a miners to mine the block .
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rippar
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July 17, 2018, 05:13:54 PM |
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I guess that the mining on asics and gpu/cpu will die because of a huge amount of used electricity. Also i think that the PoS algorithm will be very popular and it will be the next generation of mining.
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Mikell556
Member
Offline
Activity: 434
Merit: 10
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July 17, 2018, 05:23:49 PM |
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When all the coins are mined, the Miners will be paid remuneration from the commission fees for the transactions. Do not worry, everything will be fine.
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niceal
Member
Offline
Activity: 209
Merit: 10
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July 18, 2018, 04:39:51 AM |
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I figure mining will never stop insofar as there are any coins that could be mining and if the supply achieves the breaking points, at that point we can move to another coin that will give us a benefit. I am certain that there are numerous coins that we can dig and the cost for each coin will increment and on the off chance that we are sparing a great deal of coin from mining, at that point I figure our benefit will be enormous. they will win the cash on the off chance that they can spare their coins and just hold up until the point that the cost expands high.
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charlotte04
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July 18, 2018, 05:16:55 AM |
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Hello people, i'm new in the crypto worlds , i have two questions please i need logic answers . 1 - will mining will ever stop  ? 2 - what will happens when the cryptocurrency reaches it limits ( example : bitcoin 21M , ETH .... , and other curriencies ) ? will they win money after the currencies reaches its limits ? thank you ! Yes, maybe mining will stop if we reach all of the final coins to be mined but I really don't know what will happen to all of transactions if they stop mining? |
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laynequinten
Newbie
Offline
Activity: 38
Merit: 0
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July 18, 2018, 05:18:28 AM |
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If in coming years bitcoin reaches its limit then the miners would find other altcoins to mine where they could find profit. Mining is the root of generation of crypto coins so if the cryptocurrencies will survive so will the mining as simple as that.
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Enyi001
Newbie
Offline
Activity: 140
Merit: 0
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July 18, 2018, 05:24:56 AM |
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Mining is simply an activity that can't be stopped. Once it is stopped, then transactions will be impelled. So, I don't think mining will stop at all. Without Cryptocurrency mining, how do we expect transfer of tokens across the blockchain to be efficient? So, it won't stop.
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ufaiz50
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July 18, 2018, 05:25:36 AM |
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Hello people, i'm new in the crypto worlds , i have two questions please i need logic answers . 1 - will mining will ever stop ? 2 - what will happens when the cryptocurrency reaches it limits ( example : bitcoin 21M , ETH .... , and other curriencies ) ? will they win money after the currencies reaches its limits ? thank you ! It depends on whether they get a profit or not, it's useless if we mine coin and we sell but do not get profit after the reduced cost in need for mining. I think even if the supply of bitcoin is limits but the amount of bitcoin will keep spinning and I'm sure if it happens like that then its value will be high, but it's back from the demand in the market. |
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karthcrypt
Member
Offline
Activity: 266
Merit: 10
“Revolutionising Marketing and Loyalty”
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July 18, 2018, 05:27:15 AM |
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Mining can never stop. Mining is an integral part of cryptocurrency. Mining is the reason why you have smooth and cheap transactions across the globe. Mining will still be here even when Pos become more used!
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rozak
Sr. Member
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Activity: 1960
Merit: 273
★Bitvest.io★ Play Plinko or Invest!
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July 18, 2018, 05:55:18 AM |
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no I think mining will never stop.
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veraoktav127
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July 18, 2018, 05:57:36 AM |
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mining is the fastest thing to get coins and eventually coins become a lot in the market maybe this causes the price of coins to be like today but as long as profitable I think mining will continue and do not know until when
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● Taking Cryptocurrency Exchange to a New Height ● |
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Barbut
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July 18, 2018, 06:02:43 AM |
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mining is the fastest thing to get coins and eventually coins become a lot in the market maybe this causes the price of coins to be like today but as long as profitable I think mining will continue and do not know until when
Individual mining will never stop, people like idea of decentralized systems and mining is the perfect way to maintain that kind of system alive. I have same opinion, mining will never stop, add to that staking, very popular in crypto community too. Staking or mining, if you don`t have money for expensive equipment you can buy some coins and stake them, good way to maintain decentralized system and earn something while you doing that. |
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pukul rata
Newbie
Offline
Activity: 147
Merit: 0
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July 18, 2018, 06:41:03 AM |
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I think mining will never stop while there are still transact using crypto, because if the mining does not exist then who will help do the transaction crypto, as far as I know with the miners then crypto transactions become easier.
and if btc, eth or other crypto has reached the supply limit, perhaps as much as the supply limit will still circulate from one hand to the other hand.
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dukemc
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July 18, 2018, 06:44:31 AM |
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Mining will never stop for other coins maybe in the future a good PoS System will be ready but today PoS is not as secure as it is.
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mstfprcn
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July 18, 2018, 06:45:24 AM |
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it will never stop because if it will stop no more people or miner will process our transaction, there are many transactions ever second. but probably it will change pow to pos.
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hidrocop
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July 18, 2018, 06:50:29 AM |
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no, even if individuals leave, big companies will continue to work with ASIC devices.
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kostya-smrnv
Newbie
Offline
Activity: 112
Merit: 0
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July 18, 2018, 06:52:42 AM |
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Mining can never stop. Mining is an integral part of cryptocurrency. Mining is the reason why you have smooth and cheap transactions across the globe. Mining will still be here even when Pos become more used!
Agreed. And what about bitcoin. I think mining will not stop even after the generation. The joke is that miners receive bitcoin as a reward, and do not create it. Therefore, after the generation, miners will continue to work on the processing of the operation and will receive a Commission. And given that the generation will stop, then over time bitcoin transactions will accelerate. |
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dudeguy
Member
Offline
Activity: 182
Merit: 10
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July 18, 2018, 07:00:50 AM |
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When all the bitcoins have been mined, exchange charges will be the sole wellspring of wage for excavators. Regardless of whether they will be sufficient to keep diggers monetarily above water is an unsettled issue. One approach to shield it from ceasing is by advancing mining innovation.
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